Assenagon Asset Management S.A. Purchases Shares of 127,592 Algoma Steel Group Inc. (NASDAQ:ASTL)

Assenagon Asset Management S.A. acquired a new position in shares of Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 127,592 shares of the company’s stock, valued at approximately $1,248,000. Assenagon Asset Management S.A. owned 0.12% of Algoma Steel Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in Algoma Steel Group in the second quarter worth about $73,000. Wexford Capital LP bought a new stake in shares of Algoma Steel Group in the 3rd quarter valued at approximately $107,000. Net Worth Advisory Group acquired a new position in shares of Algoma Steel Group in the 3rd quarter worth approximately $159,000. DekaBank Deutsche Girozentrale lifted its position in shares of Algoma Steel Group by 13.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock worth $217,000 after buying an additional 2,481 shares during the period. Finally, Barclays PLC boosted its stake in Algoma Steel Group by 147.1% in the 3rd quarter. Barclays PLC now owns 25,711 shares of the company’s stock valued at $263,000 after buying an additional 15,305 shares in the last quarter. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Stock Performance

Algoma Steel Group stock opened at $8.63 on Friday. The firm has a market capitalization of $904.93 million, a P/E ratio of -6.80 and a beta of 1.49. The stock has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $9.73. Algoma Steel Group Inc. has a 52-week low of $6.67 and a 52-week high of $12.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.

Algoma Steel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, November 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, November 27th. Algoma Steel Group’s dividend payout ratio is currently -15.75%.

Algoma Steel Group Profile

(Free Report)

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.

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Institutional Ownership by Quarter for Algoma Steel Group (NASDAQ:ASTL)

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